Tether CEO: The Surge in New Users and Economic Downturn Resonates Leading to Explosive Growth of Stablecoins
Tether CEO Paolo Ardoino recently stated in an interview that the rapid growth of stablecoins is driven by changes in user demographics as well as macroeconomic factors. He pointed out that since 2020, many middle-aged individuals who had previously not engaged with cryptocurrencies have begun to understand and use stablecoins like USDT, influenced by younger generations.
Moreover, under the impact of economic downturns, soaring prices, currency devaluation, and high unemployment rates, many families in developing countries are facing financial pressure. Stablecoins, due to their functions of value storage, cross-border remittances, and daily payments, have become an alternative financial tool for some users to cope with difficulties.